Business, 30.03.2020 23:25 alexandria3498

In examining Luke Company's current-period income statement, you notice that Research and Development expenses are 62% of sales revenue. Luke has most likely provided a. a horizontal analysis. b. a horizontal analysis using sales as the base. c. a vertical analysis using sales as the base. d. a vertical analysis using net income as the base. e. None of these choices are correct.

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In examining Luke Company's current-period income statement, you notice that Research and Developmen...